Genius Sports Limited (NYSE:GENI) Receives $9.41 Average PT from Analysts

Genius Sports Limited (NYSE:GENI - Get Free Report) has received a consensus rating of "Buy" from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Nine analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $9.41.

A number of equities research analysts have recently issued reports on GENI shares. Oppenheimer reiterated an "outperform" rating and issued a $10.00 target price on shares of Genius Sports in a research note on Thursday, April 4th. Macquarie started coverage on Genius Sports in a research note on Thursday, December 21st. They issued an "outperform" rating and a $11.00 target price for the company. Cantor Fitzgerald reiterated an "overweight" rating and issued a $8.00 target price on shares of Genius Sports in a research note on Monday, February 26th. B. Riley initiated coverage on Genius Sports in a research note on Friday, April 5th. They issued a "buy" rating and a $9.00 target price for the company. Finally, Benchmark restated a "buy" rating and set a $10.00 price objective on shares of Genius Sports in a research note on Thursday, March 7th.

Genius Sports Stock Performance

GENI stock traded down $0.26 on Friday, reaching $5.34. The company had a trading volume of 3,222,407 shares, compared to its average volume of 2,130,635. Genius Sports has a 1 year low of $3.55 and a 1 year high of $8.45. The company's fifty day moving average is $6.42 and its 200 day moving average is $5.88. The company has a market cap of $1.24 billion, a P/E ratio of -13.35 and a beta of 1.96.

Genius Sports (NYSE:GENI - Get Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The company reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.10). Genius Sports had a negative return on equity of 12.67% and a negative net margin of 20.71%. The business had revenue of $127.20 million for the quarter, compared to analysts' expectations of $126.53 million. During the same period in the prior year, the company earned ($0.18) EPS. The company's revenue for the quarter was up 20.8% compared to the same quarter last year. On average, sell-side analysts predict that Genius Sports will post -0.13 earnings per share for the current year.

Institutional Trading of Genius Sports

Hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its position in shares of Genius Sports by 2,189.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,504,922 shares of the company's stock valued at $8,021,000 after purchasing an additional 1,439,184 shares during the period. ARK Investment Management LLC increased its position in shares of Genius Sports by 9.9% during the 4th quarter. ARK Investment Management LLC now owns 6,914,013 shares of the company's stock valued at $42,729,000 after purchasing an additional 620,472 shares during the period. Trexquant Investment LP acquired a new position in shares of Genius Sports in the 3rd quarter worth $1,366,000. Essex Investment Management Co. LLC acquired a new position in shares of Genius Sports in the 3rd quarter worth $1,093,000. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Genius Sports by 26.9% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,047,580 shares of the company's stock worth $37,564,000 after acquiring an additional 1,491,777 shares during the last quarter. Institutional investors own 81.91% of the company's stock.

Genius Sports Company Profile

Genius Sports Limited engages in the development and sale of technology-led products and services to the sports, sports betting, and sports media industries. It offers technology infrastructure for the collection, integration, and distribution of live data of sports leagues; streaming solutions comprising technology, automatic production, and distribution for sports to commercialize video footage of their games; and end-to-end integrity services to sports leagues, such as full-time active monitoring technology, which uses mathematical algorithms to identify and flag suspicious betting activity in global betting markets, as well as a full suite of online and offline educational and consultancy services.